CryptoReview - Part 1274

Credit Card Losses Are Surging At The Fastest Pace Since The Global Financial Crisis | ZeroHedge

Post author:bitcointalk
Post published:27.09.2023
Post category:ECONOMICS
Post comments:0 Comments

One month ago we warned that the toxic cocktail of Volcker-esque rates which have pushed the average credit card APR to a nosebleeding 21%…

… and surging credit card balances would lead to a catastrophic surge in consumer (and corporate) defaults (see "Credit Card Balances Hit Record Above $1 Trillion, Suffer "Pronounced Worsening" Amid Surge In New Delinquencies") it is now Goldman's turn.

As Goldman analyst Ryan Nash writes in his latest note, (more…)

They Courted Chinese Investment. Now They’re Running For President | ZeroHedge

Post author:bitcointalk
Post published:27.09.2023
Post category:NEWS
Post comments:0 Comments

Authored by Philip Wegmann via RealClear Wire,

New Jersey Gov. Chris Christie did not attend. It was instead his trusted lieutenant governor, Kim Guadagno, who celebrated the foreign investment. In (more…)

WTI Extends Gains As Cushing Stocks Near ‘Tank Bottoms’; SPR Drained | ZeroHedge

Post author:bitcointalk
Post published:27.09.2023
Post category:ENERGY
Post comments:0 Comments

After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in stocks at the Cushing hub.

All eyes will be the official data this morning for confirmation of Cushing's ongoing drain…

API

Crude +1.6mm (-600k exp)
Cushing -828k
Gasoline -70k (-200k exp)
Distillates -1.7mm (-1mm (more…)